ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced board authorization of its first quarter 2018 dividend of $0.24 per share, up 20% from its previous $0.20 per share quarterly dividend in 2017.
"We remain committed to balanced capital allocation that delivers long-term shareholder value, including growing our capital return as we grow,” said ICE CFO, Scott Hill. “We delivered another year of record revenue, record earnings and strong cash flow generation, which has allowed us to grow our annualized dividend over 15% on average since its inception."
The first quarter cash dividend is payable on March 29, 2018 to stockholders of record as of March 15, 2018. The ex-dividend date is March 14, 2018.
ICE expects the annual total dividend for 2018 to be $0.96 per share, for an aggregate payout of approximately $560 million, and the expected record and payable dates for the balance of the year are expected to be as noted below, subject to board authorization.
|March 15, 2018||March 29, 2018|
|June 14, 2018||June 29, 2018|
|Sept 13, 2018||Sept 28, 2018|
|Dec 14, 2018||Dec 31, 2018|
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 and Fortune Future 50 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company raises more capital than any other exchange in the world, driving economic growth and transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2017, as filed with the SEC on February 7, 2018.
SOURCE: Intercontinental Exchange